Brazil’s central bank holds rates for the first time in 13 meetings

centralbank-brazil
The Central Bank of Brazil

The Central Bank of Brazil’s monetary policy committee unanimously voted to leave interest rates on hold at 6.5% on May 16.

The central bank has left its monetary policy stance unchanged after 12 consecutive rate cuts – the first hold since August 2016. 

“The committee judges that this decision reflects the recent change in the balance of risks to prospective inflation and is consistent with convergence of inflation to target over the relevant horizon for the conduct of monetary policy,” the

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